MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Recently created local high at 1.1676 (R1) provides an important resistive measure on the upside and possible pull back formation shall clear it to open higher targets at 1.1700 (R2) and 1.1724 (R3) in potential. Downwards scenario: Further downside expansion is limited to key support level at 1.1652 (S1). Break here would put bullish oriented traders on hold. Marks at 1.1628 (S2) and 1.1652 (S3) acts as our initial targets today.

Resistance Levels: 1.1676, 1.1700, 1.1724

Support Levels: 1.1652, 1.1628, 1.1652